# Portfolio overlap — SCMBX vs IORAX Comparing **DWS Managed Municipal Bond Fund** (2026-02-28) and **Invesco AMT-Free Municipal Income Fund** (2026-02-28). - Shared positions: 31 - DWS Managed Municipal Bond Fund covered by Invesco AMT-Free Municipal Income Fund: 0.06336190617340051032665980132 - Invesco AMT-Free Municipal Income Fund covered by DWS Managed Municipal Bond Fund: 0.06336190617340051032665980132 ## DWS Managed Municipal Bond Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Public Authority for Colorado Energy, Series 2008, RB | 0.022022 | ✓ | | NYC NY 5.25% 2/1/2048 | 0.012738 | | | MSR Energy Authority, Series B | 0.011278 | ✓ | | OH COLAPT 5.5 01/01/2050 | 0.011212 | | | WA ST HLTH CAR(COMMONSPIRIT HE) 5% 8/1/44 | 0.010789 | | | PREREF NEW JERSEY ST ECON DEV AUTH RE REGD B/E PREREFUNDED 12/15/26 @ 100 5.50000000 | 0.010007 | | | DALLAS ISD-A | 0.009964 | | | NYC TRANSITIONAL FIN | 0.009746 | | | LAMAR TX CONSOL INDEP SCH DIST | 0.008541 | | | AUSTIN TX INDEP SCH DIST | 0.007976 | | | MARYLAND ST HLTH & HGR EDUCTNL MARYLAND HEALTH & HIGHER EDUCATIONAL FACILITIES AU | 0.007585 | | | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE | 0.007509 | ✓ | | TX NEWEDU 4 04/01/2057 | 0.007471 | | | NY TRANS CORP 5.375% 6/30/2060 @ | 0.007436 | | | NYC NY 5% 4/1/2040 | 0.007430 | | | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE | 0.007348 | | | LAMAR TX CONSOL INDEP SCH DIST | 0.007306 | | | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE | 0.007168 | | | UNIVERSITY OF TAMPA INC 4.0% 04-01-50 | 0.007141 | | | LAMAR TX ISD 5% 2/15/2041 | 0.007126 | | | Chicago O'Hare International Airport, Series E | 0.006643 | | | MAIN STR NAT GA 4% 07/01/2052 MT | 0.006601 | | | IOWA ST HGR EDU LOAN AUTH | 0.006433 | | | TX TRANSPRTN FIN-A | 0.006422 | | | INDIANA ST FIN AUTH HLTH SYS REVENUE | 0.006415 | | | Tender Option Bond Trust Receipts/Certificates | 0.006405 | ✓ | | NYC TRANSITIONAL-I-1 | 0.006366 | | | SAN ANGELO TX INDEP SCH DIST | 0.006332 | | | OCHSNER CLINIC FOUNDATION OBLIGATED GROUP 5.5% 05-15-55 | 0.006331 | | | Harris County, Texas, Toll Road Revenue Bonds, Refunding First Lien Series 2024A | 0.006326 | | | ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE | 0.006310 | | | City of Atlanta, Series 2025 B-1 | 0.006289 | | | PENNSYLVANIA ST ECON DEV FING REGD B/E AMT 5.75000000 | 0.006273 | | | PUBLIC FIN WIS 5.50% 6/1/2055 | 0.006254 | | | LAMAR TX CONSOL INDEP SCH DIST | 0.006244 | | | SAN ANTONIO TX INDEP SCH DIST | 0.006219 | | | Southeastern Pennsylvania Transportation Authority, Series 2022 | 0.006201 | | | NYC TRANSITIONAL FIN | 0.006104 | | | WEST VIRGINIA ST HOSP FIN AUTH | 0.006066 | | | MISSOURI ST HSG DEV COMMISSION SF MTGE REVENUE | 0.006013 | | | PEFA INC VAR | 0.005995 | ✓ | | TEXAS ST | 0.005879 | | | CHICAGO O'HARE INTERNATIONAL AIRPORT (TOBS) | 0.005821 | | | DALLAS-FORT WORTH TX INTERNATI REGD B/E AMT 5.25000000 | 0.005700 | | | SALT VERDE FINL. CO 5.00% | 0.005553 | ✓ | | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE | 0.005446 | | | Tarrant County, TX Cultural Education Fac. Finance Corporation Hospital Rev. (Baylor Scott and White Health) D | 0.005431 | | | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE | 0.005420 | | | SALT LAKE CITY UT ARPT REVENUE | 0.005380 | | | NY TRNSPRTN DEV CRP-A | 0.005316 | | ## Invesco AMT-Free Municipal Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Washington Metropolitan Area Transit Authority, Series 2020 A, RB | 0.012120 | | | California (State of) County Tobacco Securitization Agency, Series 2006 B, RB | 0.011490 | | | ILL ST TOLL 5% 1/1/45 | 0.010576 | | | Illinois (State of) Regional Transportation Authority, Series 2018 B, RB | 0.009918 | | | OH BUCGEN 5 06/01/2055 | 0.008578 | ✓ | | Inland Empire Tobacco Securitization Corp., Series 2007 F, RB | 0.008420 | | | Indianapolis Local Public Improvement Bond Bank, Series 2025, Ref. RB | 0.008081 | | | District of Columbia Tobacco Settlement Financing Corp., Series 2006 B, RB | 0.007991 | | | Water Works Board of the City of Birmingham (The), Series 2016B | 0.007906 | | | MIAMI-DADE WTSW 4% 10/1/49 | 0.007847 | | | SALT RIVER-SER B | 0.007769 | | | County of Broward Tourist Development Tax Revenue | 0.007726 | | | State of Hawaii Airports System, Series 2025B | 0.007693 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2022A-1 | 0.007435 | | | TX GPTTRN 4 10/01/2045 | 0.006996 | | | LOUISIANA STADIUM & EXPOSITION REGD B/E 5.00000000 | 0.006600 | | | TOBACCO SETTLEMENT FING CORP N TOBACCO SETTLEMENT FINANCING CORP | 0.006505 | | | PENNSYLVANIA ST REGD B/E 4.00000000 | 0.006144 | | | TSASC, Inc., Series B | 0.006131 | | | TOBACCO SETTLEMENT FING CORP NJ | 0.006056 | | | Aurora (City of), CO (Pipeline/Interceptor), Series 2023, RB | 0.006055 | | | NY ST DORM AUTH PIT 20D SF 4.0% 02-15-47 | 0.006010 | | | MSR Energy Authority, Series B | 0.005942 | ✓ | | M-S-R Energy Authority, Series 2009 B, RB | 0.005883 | | | LOWER AL GAS DIST GAS PROJ REV LWRUTL 09/46 FIXED 5 | 0.005847 | | | NYC HSG 4.80% 2/1/2053 | 0.005776 | | | Tender Option Bond Trust Receipts/Certificates | 0.005718 | ✓ | | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE | 0.005693 | | | PUERTO RICO SALES TAX FING COR REGD ZCP OID B/E 0.00000000 | 0.005606 | ✓ | | Miami-Dade (County of), FL Transit System, Series 2020 A, RB | 0.005453 | | | FORNEY TX INDEP SCH DIST | 0.005337 | | | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Refunding Series 2024A-1 | 0.005263 | | | El Paso (City of), TX, Series 2022 A, RB | 0.005227 | | | NEW YORK NY | 0.005224 | | | San Antonio, TX Electric and Gas Systems Rev. A | 0.005207 | | | LOS ANGELES DEPT WTR | 0.005204 | | | San Diego (County of), CA Regional Airport Authority, Series 2025, RB | 0.005194 | | | Tender Option Bond Trust Receipts/Certificates | 0.005175 | ✓ | | BLACK BELT ENERGY GAS VAR | 0.005119 | | | NEW YORK NY REGD B/E 5.25000000 | 0.005112 | | | ST LOUIS MO AIR 5.25% 7/1/2049 | 0.005108 | | | NJ HLTH CARE FACS-A | 0.005092 | | | Pennsylvania Housing Finance Agency | 0.005088 | | | Chicago O'Hare International Airport, Series 2018B | 0.005081 | | | CALIFORNIA ST HLTH FACS FING AUTH REVENUE | 0.005018 | | | Port of Houston Authority, Harris County, Texas, Revenue Bonds, First Lien Series 2023 | 0.004985 | | | Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, Series 2021A | 0.004984 | | | Chicago Midway International Airport, Series 2025, RB | 0.004959 | | | DALLAS-FORT WORTH TX INTERNATI REGD B/E 5.00000000 | 0.004953 | | | MET TRANS AUTH-A-A2 | 0.004928 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040956` (as of 2026-02-28) - N-PORT (fund B) — accession `0000909466-26-000151` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _